FY2025 EPS Estimates for Nexa Resources Lifted by Scotiabank

Nexa Resources S.A. (NYSE:NEXA) – Equities research analysts at Scotiabank boosted their FY2025 EPS estimates for Nexa Resources in a research note issued on Wednesday, February 11th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $0.96 for the year, up from their prior estimate of $0.94. Scotiabank currently has a “Sector Perform” rating on the stock. The consensus estimate for Nexa Resources’ current full-year earnings is $1.03 per share. Scotiabank also issued estimates for Nexa Resources’ FY2026 earnings at $2.34 EPS.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. boosted their price objective on Nexa Resources from $6.50 to $7.00 and gave the stock a “neutral” rating in a report on Friday, October 17th. Morgan Stanley set a $7.70 price target on Nexa Resources and gave the company an “underweight” rating in a research report on Monday, December 15th. Citigroup raised their price objective on Nexa Resources from $5.50 to $13.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of Nexa Resources from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Nexa Resources in a research report on Monday, December 29th. Six research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $7.74.

Nexa Resources Price Performance

NYSE:NEXA opened at $11.27 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.91 and a quick ratio of 0.60. Nexa Resources has a one year low of $4.44 and a one year high of $14.94. The firm has a 50-day moving average of $10.47 and a 200-day moving average of $7.15.

Institutional Investors Weigh In On Nexa Resources

A number of hedge funds have recently made changes to their positions in NEXA. Jane Street Group LLC purchased a new position in shares of Nexa Resources in the 4th quarter worth about $2,404,000. HRT Financial LP bought a new stake in Nexa Resources in the fourth quarter worth about $509,000. Renaissance Technologies LLC boosted its stake in Nexa Resources by 120.8% in the fourth quarter. Renaissance Technologies LLC now owns 852,800 shares of the company’s stock valued at $7,547,000 after acquiring an additional 466,500 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Nexa Resources by 19.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 878,227 shares of the company’s stock valued at $7,774,000 after acquiring an additional 146,051 shares during the period. Finally, New York State Common Retirement Fund purchased a new stake in shares of Nexa Resources during the 4th quarter worth approximately $83,000.

Nexa Resources Company Profile

Nexa Resources SA is a Brazil-based metals and mining company with a primary focus on zinc and copper. Listed on the New York Stock Exchange under the ticker NEXA, the firm develops, extracts and processes mineral resources for industrial applications worldwide. Headquartered in São Paulo, Brazil, Nexa is a leading participant in Latin America’s mining sector with a diversified portfolio of upstream and downstream operations.

The company’s operations span multiple mining and smelting complexes in Brazil’s Minas Gerais and Mato Grosso regions, as well as in Peru’s coastal and Andean zones.